07 May Bitcoin $9,239.34 Ripple $0.2208 Tezos $2.7386. Cryptocurrencies Price Prediction – American Wrap
Bitcoin price managed to hit highs of $9,398 on Wednesday before retreating to $9,250 by press time. The level at $9,000 remains the pivotal support for the first digital coin. If it is broken, the sell-off may continue towards the intraday lows of $8,922. The American session is likely to remain bullish as volatility stays high. Other major cryptocurrencies such as Ripple and Ethereum are also on the rise. The coins have gained 1.9% and 2.0% respectively.
Ripple Price Analysis: XRP/USD bulls may stop short of daily SMA200
Ripple’s XRP is changing hands marginally above $0.2200 after short-lived move towards the intraday high of $0.2225 during early European hours. The third-largest digital asset has gained over 2% in the recent 24 hours and 1.65% since the beginning of the day. XRP is moving within a short-term bullish trend in sync with the cryptocurrency market. Ripple’s market capitalization increased to $9.7 billion, while an average daily…